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800m copper drill hit for Hot Chili

Sumary of 800m copper drill hit for Hot Chili:

  • File Share to FacebookShare to TwitterEmail UsCopy the Link ASX-listed Chilean focused copper hopeful, Hot Chili has unearthed yet another spectacularly long copper mineralised drill hit at its giant Cortadera copper-gold porphyry discovery in Chile…
  • Latest results from the Perth-based company 40,000-metre follow-up diamond and RC drilling campaign at Cortadera were headlined by an eye-catching 813m intercept grading an average 0.4 per cent copper and 0.1 grams per tonne gold from just 54m depth…
  • Importantly, the 813m drill intersection was punctuated by a 318m-wide high-grade core going 0.6 per cent copper and 0.2 g/t gold from 440m…
  • The Cortadera prospect forms part of Hot Chili Costa Fuego copper-gold project approximately 600 kilometres north of Chile capital, Santiago…
  • Costa Fuego takes in multiple prospects that are a mixture between crazy big low-grade deposits and smaller higher-grade ones…
  • According to Hot Chili, the new diamond drill hit ranks as one of the broadest intersections recorded yet at Cortadera and most importantly, it continues to beef up the high-grade core within Cortadera main porphyry Cuerpo 3 deposit as it progresses towards a mineral resource upgrade this year…
  • drill intercept from Cortadera Cuerpo 3 deposit in just two years since the company entered into an agreement to acquire the project…
  • Other stand-out intersections over the two-year period have included a whopping 972m at 0.5 per cent copper and 0.2 g/t gold from surface, including 412m at 0.7 per cent copper and 0.3 g/t gold and 750m at 0.6 per cent copper and 0.2 g/t gold from 204m down-hole including 188m at 0.9 per cent copper and 0.4 g/t gold…
  • Two other notable prior drill hits are 848m at 0.4 per cent copper and 0.2 g/t gold from 112m down-hole depth including 184m at 0.7 per cent copper and 0.3 g/t gold and 864m at 0.4 per cent copper and 0.1 g/t gold from only 62m down-hole including 348m at 0.6 per cent copper and 0.2 g/t gold…
  • In October last year, the company released a maiden indicated and inferred mineral resource estimate for Cortadera of 451 million tonnes of ore at a copper equivalent grade averaging 0.46 per cent for 1.66 million tonnes of contained copper, 1.91 million ounces of contained gold and 9.86 million ounces of silver….

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